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Fly News Breaks for July 19, 2017
SJM
Jul 19, 2017 | 08:54 EDT
As previously reported, Stephens analyst Farha Aslam downgraded J.M. Smucker to Equal-Weight from Overweight to reflect a more challenging than expected operating environment in Pet Food, as well as increased competition from private label and pricing pressure across the center of the store given the heightened competitive activity in U.S. grocery retail. The analyst also lowered her price target on the shares to $125 from $165.
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